18 THE CIRCLE $3,099,000

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    18 THE CIRCLE GEORGETOWN, DE 19947

    • 0.34 Acres
    • Commercial
    • MLS# DESU167124
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    Views: 64 Days On Site: 348

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    Property Details

    Income-producing seven-year lease in place with the State of Delaware. A once-in-a-lifetime opportunity this 1836 historic Hotel (The Brick) located in Georgetown, DE the circle. The Hotel went through many changes over the years but in 2008 was renovated back to a Hotel. History eludes from every corner of the Hotel. 14,000 +/- SF Well established Hotel (The Brick) with, the first floor consist of 2- dining rooms, lobby, tavern, 4 restrooms, front veranda facing the Circle, 2nd floor has nine guest rooms, sitting area, pergola, and rooftop terrace, the third floor has five guest rooms. The Brick has a side garden for weddings or just to wander in. Geothermal air, and heat, and eight instant hot water heaters. Two parcels Tax Id: 135-19.08-154.00 The Brick Tax Id: 135-19.08-146.01, West Market St./Love Lane does not convey the building that sits on it, just the land. There is a 99-year lease with the Layton family heirs for the building. Call listing agent for details.

    • General Features
      • County SUSSEX
      • HOA Y/N N
      • New Construction Y/N N
      • Sale Type Standard
      • Tax Annual Amount 4038.00
      • Tax Year 2020
      • Water Access Y/N N
      • Waterfront Y/N N
      • Year Built 1836
      • Zoning TN
    • Building Features
      • Building Total SqFt 0.00
      • Building Units Total 0
      • Business Type Hotel/Motel
      • Cooling Fuel Electric
      • Cooling Type Geothermal
      • Garage Y/N N
      • Heating Fuel Electric
      • Heating Type Forced Air
      • Sewer Septic Public Sewer
      • Total Garage And Parking Spaces 25
    • Property Features
      • Lot Size Acres 0.34
      • Lot Size Dimensions 120.00 x 124.00
    • Schools
      • School District INDIAN RIVER

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    Neighborhood

    19947 (GEORGETOWN) Demographics

    35 Median Age
    163 Population Density (per sq. mile)
    22% College Educated
    $51,233 Estimated Median Income
    4,225 Estimated Total Home Owners
    1,956 Estimated Total Renters
    68% / 32% Estimated Owner / Renter Divide
    3 Estimated Average Household Size
    19,562 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $303,750 Median Sales Price
    14 Homes Sold
    20 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $3,099,000
        5/17/2021 9:41:02 AM Price Increased Source: Multiple Listing Service New Value: $3,099,000 12.69%
        8/19/2020 1:06:00 PM New in Database Source: Multiple Listing Service New Value: $2,750,000

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        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.